By continuing to use this site you consent to the use of cookies on your device as described in our
Cookie Policy unless you have disabled them. You can change your Cookie Settings at any time but parts of our site will not function correctly without them.

Growth formula eludes under-fire Nestle, L'Oreal stake unchanged

By Silke KoltrowitzVEVEY, Switzerland (Reuters) - Weakness in North America led Nestle to forecast only modest organic sales growth this year after its slowest gain in at least two decades, giving fuel to investor Daniel Loeb's campaign to overhaul strategy at the world's biggest food group.Nestle also said it had no intention to increase its 23 percent stake in French cosmetics company L'Oreal but stressed it remained committed to the group.Shares in the maker of KitKat chocolate bars and Nescafe coffee hit a 10-month low after it said organic growth, which excludes acquisitions and currency ...

This article is no longer available in our repository.

There could be multiple reasons for this.

You could try searching for this headline on the source website (reuters.com).